Whom Do We Represent?
The Vermont Real Estate Commission, taking a proactive position, changed the rules in 1996. They wanted to encourage more options for the buying and selling public and for agents to disclose these options. With your first substantial contact, a real estate professional should tell you about the following choices. You'll be asked to sign an Agency Disclosure form which describes these choices and that you understand representation in Vermont. This is not a contract for services; it is merely telling you about options. So whom do we represent?
We Represent Buyers
With a signed contract to represent you, we can perform a variety of important services in a purchase. We always helped buyers look but now we can perform more duties to you, the fiduciary. One of the most important jobs a buyer's agent does is helping you understand the value of properties. You may want to change a property or its use and the minute you do it has tremendous implications. An experienced agent can help protect your interests in a negotiation. Your agent can provide comparable market data, suggest negotiating strategy, even show properties that are not officially listed on the market. If you sign a brokering agreement, we now represent your interests except with our listings. There are a number of extremely subtle and complicated ramifications of being represented, both in negotiations and during the completion of a transaction. Click here for an inside view of some of these considerations.
Sellers
The properties featured on these home pages are listed by our firm. We are the agent of the owner. We market and show them and are charged with making sure everyone involved in the transaction is treated professionally and must disclose anything we know that could substantially affect the value. We'll get you any information we can. You should be fully informed in your decision to purchase.
Other Agents
Unless you've signed a buyer brokering agreement with us, when we look at other agents' properties, we are actually representing them. They are the principal firm and we owe an allegiance to them. Likewise, when another agent, not representing the buyer, shows our properties, they are representing us. The principal agent is responsible for the actions of the subordinate agent but both must treat all the parties professionally and honestly.
No Vermont Agent Or Firm Can Represent Both In A Purchase
Confused?
Don't be. This is where we come in. Part of our job is explaining the pros and cons to the various choices. You'll probably want to spend some time with an agent before making a decision. Each form of representation has its advantages and disadvantages and we'll make sure you understand.
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Granger Real Estate
490 Vt. Rte. 30, Newfane, VT 05345
802-365-7600